onesteptoofar UE Diary

[onesteptoofar]

Re: onesteptoofar UE Diary

I'd send a one liner just simple

I refer to the letter of blah blah digned for in your office on blah blah

this matter has not been addressed by you nitwits

yours

onestep

thanks MrsD. posted. see what they come back with next.

[onesteptoofar]

Re: onesteptoofar UE Diary

Cahoot Loan - 9k - Taken July 2003
Outstanding balance - 9200
No CCA produced...but no contact either...so i'm not asking!
Last full payment made July 2008
Not paid anything since July 2008
No record on any credit file - Experian, CallCredit, Equifax
DCA - Last correspondence was received was from Debt Management and Recovery Services - Sept 08 "your account is being returned to Cahoot"
Current Status - No CCA produced. Waiting for "Statute Barred".

To update on this, nothing received as yet...

It will be 6 years since my last payment in July. I'm assuming i wait until July, then send a statute barred letter. Is this right?

If someone told me this was how things would work out six years ago i would never have believed them. Thanks again to Niddy

[Never-In-Doubt]

Re: onesteptoofar UE Diary

To update on this, nothing received as yet...

Excellent

It will be 6 years since my last payment in July. I'm assuming i wait until July, then send a statute barred letter. Is this right?

Nooooo - you hold out till July then ignore everyone, till they get heavy at which point you THEN tell them it's SB. Play the game, don't rush in.... If you last paid July then it will be SB in August - SB is usually one month after the first missed/due payment.

If someone told me this was how things would work out six years ago i would never have believed them. Thanks again to Niddy

Keep everything crossed

[onesteptoofar]

Re: onesteptoofar UE Diary

Thanks Niddy. I'll keep sitting tight

[onesteptoofar]

Re: onesteptoofar UE Diary

Nationwide Loan - 20k - Taken Sept 04
Enforceable CCA - Niddy checked
Outstanding balance - 7500
Default - Feb 2010
Last full payment made - August 2009
Token 1 pound payments made until Sept '10 when i stopped all payments.
DCA - MKDP
Last correspondence - I sent an account sold in dispute letter to MKDP.
Letter received from MKDP apologising they are unable to resolve my query at this time and are liaising with the original creditor...

Another letter received from MKDP apologising they are unable to resolve my query at this time and are liaising with the original creditor, so i'm sitting tight

[MrsD]

Re: onesteptoofar UE Diary

this could go on and on................

[onesteptoofar]

Re: onesteptoofar UE Diary

Lloyds Loan - 20k - Taken July 2005
Enforceable CCA - Niddy checked
Outstanding balance - 7500
Last full payment made - June 2009
Token 1 pound payments made to relevant DCA's until Sept 2010
Default - Nov 2009
DCA - Capquest
Last correspondence - I sent Capquest an account sold in dispute letter

Quick update on this one. Three letters received from Capquest

- letter confirming my request for a CCA has been received and passed to the relevant dept
- letter replying to my one liner letter (after they ignored a previous CCA request) denying they had received a CCA request, requesting i send another copy
- letter confirming my request for a CCA has been received and passed to the relevant dept

Sitting tight to see what happens next.

[onesteptoofar]

Re: onesteptoofar UE Diary

Lloyds Loan - 20k - Taken July 2005
Enforceable CCA - Niddy checked
Outstanding balance - 7500
Last full payment made - June 2009
Token 1 pound payments made to relevant DCA's until Sept 2010
Default - Nov 2009
DCA - Capquest
Last correspondence - I sent Capquest an account sold in dispute letter

Signed & Enforceable LLoyds CCA (checked by Niddy) has been received from Capquest

Any advice on my next step? Doesn't become statute barred until Sept '16

[Pixie]

Re: onesteptoofar UE Diary

What a bummer! CapQuest are a lot worse than they used to be...see these quotes from Niddy:

Yes. Sorry I missed yours. If other AADers get an assignment from CQ ask them to send a new s.78 / s.77 direct to CQ as soon as poss. They will issue a claim, they're proper bad

Their "Fresh Approach" and management changes forced their hand. They're scum like Lowell now.

See this -> http://www.capquest.co.uk

bragging about a new approach grrrrrr

It might be time to start thinking about offering payments...but only what you can afford.

[onesteptoofar]

Re: onesteptoofar UE Diary

7500 outstanding... what would be a fair offer as full and final?

[Never-In-Doubt]

Re: onesteptoofar UE Diary

What can you afford seems more appropriate....

[PlanB]

Re: onesteptoofar UE Diary

7500 outstanding... what would be a fair offer as full and final?

Lloyds Loan - 7500, currently paying 1 pound per month. . . . Have sent an offer for 1820 but expecting this to be refused (offer of 1300 was refused 4 months ago).

. . . . Are there any templates out there to negotiate based on the outstanding balances being made up of excessive charges / interest in the case of Lloyds?

. . . I worked for a company previously and through a save as you earn scheme have acquired shares which in theory are worth over 50k. However, as the company is still privately owned the shares are simply a certificate which cant be bought/sold until the company eventually floats.

My issue is that unless i can settle up my debts prior to the company float, debters would expect the full payments for outstanding balances....

The aim > To settle the debts asap through f+f's for as little as possible whilst i am in my current situation. Essentially unemployed and skint....but potentially with a large lump sum when/if the company floats.

I've not read all through your diary but I have gone back to your first post in 2010. At that point you seemed to think that most of the £7,500 was made up of unfair interest and charges. Did you ever explore that issue? Surely if they were unfair then they'll still be unfair now wouldn't they?

I also see you were expecting a windfall of around £50k from shares in a company when it floats. Did that happen or is it on the horizon soon?

What was the last paragraph of Capquest's letter which came with your CCA last week? Is it threatening anything or simply asking you for repayment proposals? It would be helpful to establish the sense of urgency before you make a F & F offer.

[onesteptoofar]

Re: onesteptoofar UE Diary

Hi Plan B, thanks for the reply.

The letter from Capquest was simply 'please find enclosed your CCA'. There is nothing in there asking for any contact or demanding any payment at this stage.

Regards the charges i would need to revisit my records but from memory most of these were on a credit card from lloyds as opposed this loan.

The float did happen and i did manage to tuck away some cash by investing through friends/family, so i still have no assets or cash savings whatsoever.

I will await their next response and post it on here.

onesteptoofar

[PlanB]

Re: onesteptoofar UE Diary

The letter from Capquest was simply 'please find enclosed your CCA'. There is nothing in there asking for any contact or demanding any payment at this stage.

. . . The float did happen and i did manage to tuck away some cash by investing through friends/family, so i still have no assets or cash savings whatsoever.

Ah ha. So you may have access to cash through "friends and family" in an emergency situation such as a county court summons

If Capquest's letter isn't asking you for any money or repayment proposals then maybe you can afford to go a little closer to the wire before you crack and pay the buggers with a F & F offer. That's your decision of course.

I wonder what their next letter will say and whether you can reply with anything to challenge it. Did their last letter say something along the lines of "we have now fulfilled your s.78 CCA request?

You're playing poker at this stage but keep your eye on the ball and read between the lines of every letter you get from them so you don't get caught unawares.

[onesteptoofar]

Re: onesteptoofar UE Diary

Nationwide Loan - 20k - Taken Sept 04
Enforceable CCA - Niddy checked
Outstanding balance - 7500
Default - Feb 2010
Last full payment made - August 2009
Token 1 pound payments made until Sept '10 when i stopped all payments.
DCA - MKDP
Last correspondence - I sent an account sold in dispute letter to MKDP.
Letters received from MKDP apologising they are unable to resolve my query at this time and are liaising with the original creditor...

Like buses, nothing received for months then i receive two in quick succession

Letter received from MKDP by recorded delivery, including a copy of my signed CCA (as checked by Niddy). 4 years since i last made a token payment

I'll sit tight for now...